This House of Lords Library briefing provides information on the Creditworthiness Assessment Bill [HL] 2017-19, a private member's bill introduced by Lord Bird (Crossbench), ahead of its second reading in the House of Lords on 24 November 2017.
Creditworthiness Assessment Bill [HL] (226 KB , PDF)
The Bill would provide that rental payment history and council tax payment history were taken into account when assessing an individual’s creditworthiness, not least when they are seeking access to a mortgage to buy a home, for example.
Creditworthiness Assessment Bill [HL] (226 KB , PDF)
This briefing is the fifth of a series on the post-war history of the UK economy. The series proceeds decade-by-decade from the 1950s onwards, providing an overview of the key macroeconomic developments of each decade. This fifth briefing looks at the 1990s. In this decade the UK economy settled into a period of low inflation and steady growth; however, living standards growth was lower and more regionally concentrated than in previous decades.
The Budget Responsibility Bill would require ministers to request an assessment from the Office for Budget Responsibility (OBR) for every major fiscal announcement and give the OBR the power to decide to publish one if the minister failed to request it. This follows the September 2022 ‘mini-budget’. The statement included plans that would have resulted in a projected £45bn reduction in tax income. It did not have an accompanying OBR assessment.
In November 2023, the Harrington review of foreign direct investment made recommendations about how the UK could attract more cross-border investment. The new Labour government has said tackling barriers to investment is a priority.
